you are starting a business not getting a job. they ease you into it but if you cannot keep up with the physical (days of walking) and have a marketing plan (who you will target) or have an ethnic group that you can work with, then it will not work out. Financial advising is much more about constantly selling as opposed to actual advising. You ultimately have to Kill to eat.
This position requires an individual that is capable of working alone. You will be in an office with only you and the Financial Advisor, and 70% off the times the advisor will be at meetings or looking for prospects.
This job is not for everyone. You begin your career with going door to door to build up your base of clients. Prospecting is a major portion of your work in the early years. If you do not think you will like this, do not apply. There is only a 20% survival rate amongst FAs.
The company is very supportive and they want you to succeed. They do not micromanage you unless you are not doing well. They provide lots of training and you can call any FA in the company for help.
They provide incentive trips and bonuses if you do well. They also provide you with your own office with an assistant if you are able to open a certain number of accounts in your first year.
They provide health benefits that are ok but they are not as good as those in other industries but if you do well, you will make significant income.
It was a great place to learn the financial business. Great training program to get you all set up prepared and licsenced. The day to day was a grind starting your own business in the field. Long day, lots of phone calls and activity. Can wear on you if you are not finding consistent success. Very rewarding when you do. A tough but rewarding job. Need to be able to handle the day to day swings of the position.
I enjoyed working at Edward Jones as it was a highly fast faced role which required a ton of self-motivation to keep going. Would recommend for individuals looking to build their own business, building long term relationship with clients and looking for flexibility with work life balance.
Workplace culture is poor. Edward Jones FA trainers encourage FAs to let Experienced Branch administrators who do all the work with the clients to let them go when they get too expensive to help their bottom line.
The Branch Manager/ Client service/ administrators are paid low salaries.
Work/ life balance
Low salary, poor culture, can’t get coverage for vacations
overall one of the best companies I have ever had a chance to work for. Tried the financial advisor role, although I was not successful, I greatly appreciate the experience and opportunity, would recommend Jones to anyone with a strong work ethic and drive. This will be most likely the hardest job you will ever have, but very fulfilling.
Working for the head office was a pleasant experience. The team members were caring, just a committed wonderful group.
The branch offices, success generally rely on the FA.
There is plenty of room to move around.
This American culture based company was hard to adjust to as I like to just be me I was the head office for many branches, problem solving all day, I didnt really enjoy being stuck at my desk answering questions on the phone all day. Repetitive tasks
The Largest network of full service brokerage in North America. Very conservative management with a very conservative culture and investment style which is encouraged among its Investment Representatives.
Independent office opperaton
Competitive environment difficult to consistently get new clients